TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Ever Reach Group Holdings Co., Ltd. ( (HK:3616) ) has issued an update.
Ever Reach Group Holdings Co., Ltd. has announced the findings of an independent investigation into issues related to prepayments and the use of pre-sale proceeds. The company had previously faced delays in publishing its annual and interim results, leading to a suspension of trading. The investigation, conducted by Cheng & Cheng Risk Advisory Services Limited, focused on reviewing construction contracts, loan agreements, and internal control policies. The findings are part of the company’s efforts to comply with the Resumption Guidance issued by the Stock Exchange, aiming to address the impact on its business operations and financial position.
More about Ever Reach Group Holdings Co., Ltd.
Technical Sentiment Signal: Hold
Current Market Cap: HK$312M
See more data about 3616 stock on TipRanks’ Stock Analysis page.